Somerset, Somerset County, Pennsylvania Property Taxes
Median Somerset, PA effective property tax rate: 3.23%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Somerset, PA home value: $68,400
Median annual Somerset, PA tax bill: $2,269, $131 lower than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in Somerset, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Somerset’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Somerset, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Somerset, Somerset County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.23%
Estimate Property Tax Bill
$2,209
$2,050
Property Tax Rates Across Somerset, Somerset County, Pennsylvania
Local government entities are responsible for setting property tax rates, leading to significant variations within a state. Each year, counties like Somerset in Pennsylvania determine their budgetary needs to fund essential services. They then calculate the property tax rate by dividing this budget by the total assessed value of all taxable properties within the county. This process, though subject to votes and legislation, is a fundamental aspect of how property tax rates are established annually.
In Somerset, the effective property tax rate stands at 3.23%, which is notably higher than the national median property tax rate of 1.02%. This means residents in Somerset face property tax bills that are significantly above the national median property tax bill of $2,400. When comparing Somerset's rate to other cities in Pennsylvania, it is evident that Somerset holds one of the highest effective property tax rates in the state. Understanding these variations can help property owners make informed decisions about property tax appeals and exemptions, potentially reducing their financial burden.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Somerset Tax Rate
3.23%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Somerset County Tax Rate
2.69%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Somerset, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15501 | 3.00% | 3.00% | 3.23% | 3.89% | 3.89% |
Source: Ownwell
Property Tax Assessment Values Across Somerset, Somerset County, Pennsylvania
When examining property taxes in Somerset, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Somerset County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Somerset County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Somerset. For example, the median home price in Somerset is $68,400, with tax bills ranging significantly across the county. The zip code 15501 has the highest median home price at $68,400.
Property Tax Assessment Values Across Somerset, Somerset County, Pennsylvania
Source: Ownwell
$27,215
$78,308
$129,400
Median Somerset Market Value
$68,400
Median Somerset County Market Value
$50,500
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Somerset, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15501 | $30,030 | $46,128 | $68,400 | $96,790 | $135,961 |
Source: Ownwell
Property Tax Bills Across Somerset, Somerset County, Pennsylvania
In Somerset, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county and reflects a percentage of the property's market value. Homeowners in Somerset face a median property tax bill of $2,269, which is slightly below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,471 and the 90th percentile reaching $4,508. These variations depend on factors such as property location within the county and specific neighborhood developments. High property taxes can place a considerable financial burden on homeowners, affecting their overall financial well-being.
Ownwell assists homeowners by providing expert property tax appeal services. By analyzing property assessments and comparing them with market trends, Ownwell identifies potential discrepancies and helps homeowners file appeals to reduce their tax bills. This service not only alleviates financial pressure but also ensures homeowners pay a fair amount. With Ownwell's expertise, Somerset homeowners can achieve significant savings and gain peace of mind regarding their property tax obligations.
Median Somerset Tax Bill
$2,269
Median Somerset County Tax Bill
$1,299
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Somerset, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15501 | $892 | $1,471 | $2,269 | $3,277 | $4,508 |
Source: Ownwell